PASPED has supported 326 SMEs (press release)

Dakar, Jan 23 (APS) – The Project to Combat Irregular Migration by Supporting the Private Sector and Job Creation in Senegal (PASPED) officially closed on Monday, has supported 1,326 micro, small and medium-sized enterprises , learned the APS.

The project is funded by the EU under the EU Emergency Trust Fund for Africa with a donation of 14,303,200 euros (i.e. 9,382,284,163 Fcfa).

A press release of which the APS has been informed reports 7,378 jobs supported or safeguarded, 51 Senegalese residing in Italy supported in their productive investment in their country of origin and more than 2,306 young people oriented and inserted into the labor market.

According to the text, PASPED aimed to reduce irregular migration through support for the private sector and job creation in Senegal.

It aimed to create a platform providing financial and technical assistance to contribute to the development of Senegalese micro, small and medium-sized enterprises (MSMEs) by strengthening the local economic potential and that of the diaspora in Italy.

The strategy was to make human and financial resources available to promote private sector development in targeted regions (Dakar, Diourbel, Thiès, Kaolack, Louga and Saint-Louis).

The statement recalls the project was implemented by the Italian Agency for Development Cooperation (AICS) in co-delegation with the ”Cassa depositi e prestiti (CDP)” and in partnership with the Ministry of Microfinance and of the Social and Solidarity Economy of Senegal.

It was implemented simultaneously with the second phase of PLASEPRI (Support Platform for the Private Sector and the Promotion of the Senegalese Diaspora) which is a continuation of the positive experience of bilateral cooperation between Senegal and Italy.


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